Monsoon is reviewing its supplier terms for the second time in four months, despite ‘reasonable’ Christmas trading.
Monsoon managing director Matt Hudson told Drapers: “We’ve looked at all our suppliers and are currently in negotiations with them over new supplier terms.”
Hudson declined to comment on reports from The Times newspaper today that Monsoon had written to suppliers asking for a 5% reduction because of the slump in the pound.
On the Christmas trading period, Hudson added: “We faired reasonably well in the current climate.”
Last October, Hudson told Drapers that Monsoon was trialling a pilot scheme to pay suppliers earlier than its agreed 60-day payment terms in return for discounts.